Singtel booming storm: Boom in Saurashtra

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(Gujarat News Office) MUMBAI: The Mumbai oilseeds market rallied today. Demand was slow though. News from manufacturers and world markets was encouraging. In the Mumbai spot market, the price of 10 kg of cingulum oil increased by Rs 150 and cottonseed oil by Rs 150.

In Saurashtra, the price of cingulum oil rose to Rs. In Malaysia, palm oil prices rose 3 points. In the US, however, palm oil prices rose 3 points.

However, soyoil prices in the US were 15 to 12 points softer in the projection. In the Mumbai market, the price of imported palm oil rose to Rs. There was a trade of 150 tons. Crude palm oil CPO Kandla was trading at Rs.

In the Mumbai market, soyoil prices rose by Rs 12 for digam and Rs 15 for refined. The price of sunflower was Rs.150 and Rs.150 for ref. The price of mustard was Rs.150 and that of ref. Was Rs.150. Coparel was priced at Rs 1,210 per 10 kg and rice bran at Rs 1,150.

The spot price of castor oil in the Mumbai market today jumped by Rs 20 per 10 kg and crossed Rs 1,200. However, in the castor futures market, the March rally was slowing down and the rise was hovering around Rs 305.

In the Mumbai flour market, the price of castor flour rose by Rs 100 per tonne today, while soymeal flour was quoted at Rs 200, groundnut flour at Rs 500 and cottonseed meal at Rs 1,000. The others were quiet.

Meanwhile, the government has reduced the agri-cess on crude palm oil CPO from 5.50 per cent to 5 per cent. As a result, the gap between the import duty on crude palm oil and the refined palm oil has narrowed. Such a gap has widened to 8.50 per cent.

However, market insiders were pointing out that domestic refineries could be relieved if such a gap were raised to 11 per cent. Meanwhile, Rooney's All India revenue today was 1 lakh 15 to 20 thousand bales. Soybean income was 1 lakh 3 thousand times in Madhya Pradesh and 2 lakh 50 thousand times in All India.


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